Background of Trade Relaxation
- USA and Great Britain: A trade agreement between the USA and Great Britain has positively influenced the markets. This agreement has not only boosted the European markets but also supported the US stock markets, despite London itself recording slight losses after the agreement.
- USA and China: The upcoming talks between the USA and China, set to take place this weekend in Switzerland, have also contributed to a positive sentiment. US Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng, raising hopes for a possible easing of the trade conflict.
Stock Market Development
- Dow Jones and S&P 500: The Dow Jones rose by 0.62% on Thursday to 41,368 points, while the S&P 500 climbed by 0.58% to 5,663 points. These gains are partly attributed to positive news from the trade sector.
- Nasdaq: The tech-heavy Nasdaq index also showed slight recovery, although it performed slightly weaker compared to the other indices.
Additional Factors
- Regulatory Changes: An announcement from the US government to simplify a controversial export regulation for AI chips has also led to a positive market reaction.
- Asian Markets: The Asian markets, particularly in China and Japan, also showed cautious optimism, reflecting hopes for a relaxation in the trade conflict between the US and China.
Overall, the positive developments in the trade sector and the outlook for further talks have made investors optimistic in the US stock markets, resulting in slight price gains.